In the wake of the pandemic, the demand for Video-On-Demand (VOD) platforms has surged. With viewers spending an average of 17.1 minutes per session, the VOD market has grown by 155% in 2020, projected to reach $223.98 billion by 2028. Entrepreneurs worldwide capitalize on this trend, and this article unveils the 9 best VOD platforms to elevate your business.
Are you looking to make money from your content? If so, then you’ll need to choose the right video-on-demand (VOD) platform! With thousands of entrepreneurs relying on VOD platforms for their income around the world, it’s important to pick one that fits your needs.
Here, we’ll provide a comprehensive look at the 7 best VOD platforms available and explain to you how they differ from one another so that you can pick the best one that fits your needs. So get ready to learn all about VOD platforms and how they can help take your business to the next level.
What is VOD?
Video On Demand is a service that gives viewers the freedom to access videos from a library of content that is compatible with various devices. It become more popular among consumers and businesses as online video platform providers offer options for TV shows, movies, and more. VOD offers an interactive experience for exclusive access to all kinds of content.
The most popular examples of VOD include Netflix, Prime Video, and Disney+ Hotstar.
The below graph shows the VOD market growth at the rate of CAGR 17.6% from the year 2021-2029 in US billion Dollars as per the data shared by maximizemarketresearch.com
Types of VOD Platforms:
- Subscription-Based Services: Examples include Netflix, Amazon Prime Video, and Disney+.
- Transactional VOD (TVOD): Users pay per view or rental (e.g., Google Play Movies, iTunes).
- Ad-Supported VOD (AVOD): Free platforms with ads (e.g., YouTube, Tubi).
How does VOD Work?
Video On Demand (VOD) is a method of streaming content, in which movies and shows are stored in digital format on a server. When VOD is requested, the movie is compressed and transmitted via cable or broadband connection. Once the data reaches its destination, it gets decoded and decompressed by a set-top box, then stored in an accessible computer or television for users to stream.
Top Features Need For VOD (Video on Demand ) Platforms
There are some important capabilities to look for in a professional-grade video-on-demand platform:
- Video Content Management System (CMS),
- VOD Transcoding
- Video Monetization
- White-Label Video Player
- Adaptive Bitrate Streaming (ABR) and Content Delivery Network (CDN)
- Advanced Security Features
By looking at these VOD features you will be able to ensure and build your streaming service successfully!
Videos Content Management System(CMS):
A Video CMS (Content Management System) acts as a hub for streaming services, providing a reliable place to store videos and manage accompanying metadata. This system should provide an easy way to process and stream content to different platforms. Its complexity varies, but the main goal is to make it accessible for everyone in the organization to easily ingest, search, organize, and present video content.
White-label Video Streaming
White-label VOD platform provides the ease of use of third-party platforms but also allows for more flexibility and continuity for the user’s brand. With white-label hosting, users can remove third-party branding from the video player and replace it with their logo and branding. This allows them to easily embed their video player onsite and share their content more seamlessly across social media platforms. Ultimately, using a white-label VOD platform results in customers having an elevated viewing experience as it shows them that users are serious about their content.
VOD Transcoding and Accessibility
Transcoding is the process of converting video files into a format that can be streamed online, and packaging them into bitrates and aspect ratios appropriate for different devices with different bandwidths. This is an essential step for any video online to be seen by the world!
Advanced Security Features
Security is a top priority in the streaming industry, and broadcasters prefer VOD platforms for their videos., as numerous threats are posed to data privacy and security. These threats include hacking, illegal viewing and distribution, and other forms of unauthorized access. To prevent these issues, various safety measures need to be put in place. This can include encryption, DRM, forensic watermarking, license control for video playback, and an overall increase in information security and data protection for all technologies associated with video streaming.
Video Monetization
Video monetization is the practice of generating revenue from video content. This could be done through a variety of different means such as subscription video on demand (SVOD), advertisement video on demand (AVOD), and transactional video on demand (TVOD). Regardless, it’s essential to have a system that helps you set up and adjust new bundles and monetization plans as necessary for viewers or followers.
Video Analytics
Video analytics tools are used to describe the process of extracting valuable insights from video data to improve video experiences. By gaining insight into viewer behavior and engagement, businesses can get a better understanding of what content resonates with audiences. This helps them optimize strategies and make more data-driven decisions.
What Is the Best Video On Demand Platforms?
Choosing the best video-on-demand (VOD) platform for your specific requirements is essential to accelerate business growth and drive maximum returns. With some excellent VOD platforms on the market, it is important to know what each one offers in terms of technical capabilities and user experience before making a decision. Taking the time to evaluate different options will help you select the ideal VOD platform tailored to your needs.
The 9 Best VOD Platforms and Providers in 2023
We have collected a list of the top 7 VOD platform solutions to help you develop a successful streaming platform for your video content. With these platforms, you can easily find the best one suited to your needs!
Webnexs
Webnexs is one of the best VOD (Video On Demand) platforms, offering businesses a customizable streaming channel that is secure, compatible, and reliable. It also has monetization models for generating better revenue opportunities and a highly scalable video content management system that can stream videos with geographical restrictions. Additionally, it offers an enterprise video content management channel for resolving challenges related to video hosting, sharing, managing, and streaming.
Features
- White-label Video Streaming
- Video Monetization Methods – SVOD, AVOD, TVOD
- Content Management System(CMS)
- Multi Bitrate Streaming(MBR)
- Content Delivery Networks(CDN)
- Advanced-Data analytics dashboard
- Security features such as DRM, SSO
- HTML 5 Video Player
- API Integration
- SDKs for both android and ios
- M3U link support
- 1000+ live TV streaming via M3U
- Live Streaming for artists
- Live events
- Series and Episodes Streaming
- Native Andriod, iOS apps
- OTP based TV apps
- Multi-tenant deployment.
- 100% Customisation available
- 100+ Setting options etc.
Pros
- Easily affordable to all types of users
- Very easy to use
Cons
- No cons to point out
Flicknexs
Flicknexs is a renowned SaaS-based video streaming solution that provides professional and consumer users with an easy and convenient platform to distribute, manage and publish video content. Featuring elements such as a Content Delivery Network (CDN), video monetization features, and a comprehensive analytics dashboard. This platform is used by professionals and casual users alike and is renowned for its reliability and robustness.
Features
- White-label Video Streaming
- Video Monetization Methods – SVOD, AVOD, TVOD
- Content Management System(CMS)
- Multi Bitrate Streaming(MBR)
- Content Delivery Networks(CDN)
- Advanced-Data analytics dashboard
- Security features such as DRM, SSO
- HTML 5 Video Player
- API Integration
- SDKs for both android and ios
Pros
- Easily affordable to all types of users
- Very easy to use
Cons
- Literally, no cons to point out.
- The servers are standalone, which is set for the costing provided.
- However there is also option to host on AWS or on any elastic servers.
Dacast
Dacast is one of the best video-on-demand (VOD) platforms available, offering a reliable and secure streaming service at an affordable price. With no contracts required and ad-free broadcasting options, as well as white-label services and complete customer support, Dacast provides an unbeatable VOD solution.
Features
- Ad-free streaming without any interruptions
- Video analytics to know users’ behavior
- White-label video streaming
- 100% complete ownership
- Enhanced security features
- 24/7 customer support
- RTMP encoder
- HLS support
- Powerful video analytics
- Different video monetization options
Pros
- Quick and responsive customer support
- Live streaming recording feature
Cons
- Only designed especially for professionals, not for beginners
Kaltura
Kaltura is one of the best VOD platforms available for enterprise brands and larger institutions. It offers SaaS-based solutions for developing media-oriented VOD software for lecture capture, virtual classes, and secure webinar hosting. Kaltura seamlessly integrates with existing CMS platforms and is perfect for seminars, courses, and eLearning experiences. It offers both live streaming and on-demand videos for registration or invitation-only events, and it comes with a 30-day free trial. Prices are listed upon request.
Features :
- Video player customization options
- Learning management system(LMS) for an online class
- Analytics
- API and SDK access
- Caption and translations
Pros
- Themes and tool options for customization
Cons
- It will not support any third-party tool integration for monetization
Brightcove
Brightcove is an established best vod platforms, software provider, and media network for enterprise applications. With Brightcove’s technology, streaming across various screens, users and devices is easy with no buffering or hiccups. Its centralized media cloud provides a variety of services that meets the needs of your business, including live streaming, monetization, marketing, encoding, and analytics. In addition to these features, Brightcove also offers contract-based ad placement services to further monetize content. This platform is the go-to option for businesses looking to make money off their videos.
Features:
- HTML 5 Video Player
- Analytics Dashboard
- Video monetization
- DRM Security features
- CRM integration
Pros
- Safe and secure platform
- Not suitable for beginners
Cons
- Very Expensive
- Ineffective Tech Support
Vidyard
Vidyard is the leading On-Demand video platform for hosting online videos on a large scale. With an extensive list of features like unmatchable player connectivity and customer service, as well as support for corporate communications, marketing, and sales, Vidyard is one of the best VOD platforms out there. It can also be used to record and send personalized videos with ease. Whatever your business’s needs are, Vidyard has the tools to help you capture more leads and provide better customer satisfaction for your customers!
Features:
- AI-based Captioning service
- AES and DRM Security options
- SDKs for Android and IOS apps
- Full API Video Integration
- Customer Support
- Adaptive video player
Pros
- AI-based captioning feature
- Video monetization option
Cons
- Some features are available only at a higher price plan
JW Player
JW Player is one of the best VOD platforms available today. It is a feature-rich, end-to-end video streaming service that enables users to easily import, control, and distribute videos. With its powerful multi-CDN network POPs located around the globe, JW Player ensures efficient distribution everywhere. As a result, it is trusted and used in over 130 countries for its reliable CDN solutions and seamless video streaming experience. In addition, its smart recommendation engine allows viewers to access engaging content in real-time.
Features:
- Geoblocking
- DRM Support
- Monetization Option – only AVOD
- Analytics
- Multiple screening
Pros
- Adaptive bitrate streaming
- Effective Content delivery network to reach globally
Cons
- Does not support subscription-based and transaction-based monetization model
Wowza
Wowza is one of the best VOD platforms out there. Founded in 2005, it offers both VOD and live streaming services, with customizable video players that support streaming on all devices. It’s especially well known for its Wowza Streaming engine, used for self-hosting video, as well as its Wowza Cloud solution for video streaming.
Key Features:
- Cloud Transcoding
- White-label video streaming
- HTML 5 video player
- Wide security options like DRM, SSL
- Customer support
- Adaptive Bitrate streaming
Pros
- It is mainly suitable for bigger enterprises
Cons
- No monetization support
- No analytics support
Vimeo
Vimeo is widely considered to be one of the best VOD platforms available in the U.S., boasting over 200 million users and offering high-quality streaming services. It is popular for hosting a large selection of Oscar-nominated and award-winning films, TV episodes, and movies. Furthermore, Vimeo enables creators to retain more than 90% of their income after processing costs are deducted.
Key Features:
- Full-HD quality
- All-device video player
- Adaptive bitrate streaming
- Privacy tools
- Embed to any website
- White-label service
Pros
- Safe and secure platform
- Most reliable platform
- Unlimited number of inputs
Cons
- No Cons to mention
How To Choose The Right VOD Platform Provider?
Are you considering launching your own VOD business? Discover the essential features to consider when selecting the top VOD app solution provider for global video content streaming and monetization.
With numerous online video platforms catering to business needs, finding the right VOD hosting service can be a challenging endeavor.
Before selecting a best VOD platforms that suits your needs, consider the following key factors:
- Your target audience
- The nature of the content you intend to deliver
- Desired levels of privacy and security
- Preferred monetization methods
By evaluating your choice of VOD platform based on these factors, you can not only achieve your broadcasting objectives but also exceed them.
Conclusion
Video On Demand platforms offers an incredible opportunity for businesses to reach more viewers and grow their success. Getting the right video-on-demand platform provider who delivers content will be the key to achieving greater business growth.
If you would like to learn more about how VOD platforms can change your business for the better, consider Webnexs VOD for exceptional streaming services for any industry.
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